The Tip Desk

Ovintiv Inc.

Company Stats

Market Cap
$15.9B
as of Sep 30, 2026
Enterprise Value
$21.1B
Shares Outstanding
275.5M
Free Float
99.9%

Income Statement

Revenue
$8.9B
Operating Income
$1.1B
Net Income
$1.2B
EBITDA
$3.3B
Non-cash Impairment
$920.0M
Revenue Growth, 3Y
-10.6%
FCF Margin, 3Y Avg
15.2%
FCF Margin, Worst Year
13.1%

Cash Flow

Free Cash Flow
$1.5B
FCF Yield
9.4%
Owner FCF Yield
9.1%

Balance Sheet

Cash & Equivalents
$35.0M
Total Debt
$5.2B
Net Debt
$5.2B
Net Debt / EBITDA
1.57x
EV / EBITDA
6.38x
Net Debt / EBIT
4.59x

Returns & Capital

Dividends Paid
$308.0M
Dividend Yield
1.9%
Dividend Payout, 3Y Avg
22.5%
Share Repurchases
$307.0M
Buyback Yield, 3Y Avg
2.8%
SBC, 3Y Avg
$56.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$8.9B$1.5B16.9%
FY2024$9.2B$1.4B15.5%
FY2023$10.9B$1.4B13.1%
FY2022$12.5B$2.0B16.3%
FY2021$8.7B$1.6B18.6%

Annual filing data through FY ended December 31, 2025; shares and float as of November 4, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage